Prominent investors including Bill Ackman and David Tepper cut their stakes in several big tech stocks during the second quarter, ahead of the global sell-off driven by recession fears at the start of the month, recent 澳洲幸运5官方开奖结果体彩网:13F filings showed.

The 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commissi🐈on🌳 (SEC) requires most firms with 澳洲幸运5官方开奖结果体彩网:assets under management of $100 million or more to file a 13F form quarterly, disc♚losing their equity holdings.

Ackman, Tepper, and Daniel Loeb's 澳洲幸运5官方开奖结果体彩网:hedge funds trimmed their stakes in Google parent Alphabet (GOOGL) in the second quarter, along with other major hedge funds like 澳洲幸运5官方开奖结果体彩网:Renaissance, 澳洲幸运5官方开奖结果体彩网:Bridgewater Associates, and 澳洲幸运5官方开奖结果体彩网:Seth Klarman's Baupost Group. Tepper, Loeb, and others sold some of their Meta (META) holdings as well.

The large investors moved away from Alphabet and Meta as the companies 澳洲幸运5官方开奖结果体彩网:face pressure to show their hefty spending on 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) is 澳洲幸运5官方开奖结果体彩网:paying off.

Intel (INTC) also stood out as a number of hedge funds cut their stakes in the second quarter. The chipmaker's stock tumbled after the company recently reported a wider-than-expected loss and a $10 billion cost-saving plan that includes layoffs.

Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) has 澳洲幸运5官方开奖结果体彩网:significantly🎀 trimmed ꦫits stakes in Apple (AAPL), though the iPhone maker's stock still represents Berkshire's largest holding. Some like Renaissance bought shares of Apple, while🅷 Dan Loeb's Third Point added a stake in Apple during the period.

Meanwhile, several hedge funds including Bridgewater, Renaissance, and Tepper's Apaloosa boosted their holdings in AI chipmaker Nvidia (NVDA), which could benefit fr𒁃om h♊igher spending on AI infrastructure.